March domestic cotton Purchase prices remained stable, sales prices rose slightly, futures and electronic matching prices continued to fall, domestic cotton sales progress faster. International cotton prices have rebounded and cotton imports have increased. Textile production maintained rapid growth, but exports fell sharply.

1. Seed cotton purchase price remains stable.

According to national cotton market Monitoring system sampling survey statistics, as of the end of March, the average turnover of farmers 94.6%, down 1.7 percentage points over the same period. Seed cotton purchase price remained stable. By the end of March, the average purchase price of domestic grade 3 seed cotton was 2.74 yuan / kg (the price of cotton seed purchase was 631 yuan / Dan), which was basically the same as last month.

In the first quarter of this year, the domestic seed cotton purchase market remained stable and the acquisition ended. The average purchase price of lint cotton is 12615 yuan / ton, up 280 yuan / ton, or 2.3%, compared with the fourth quarter of last year, down 1209 yuan / ton compared with the same period last year, or 8.7%.. By the end of 3, the seed cotton purchase progress has increased 7.7 percentage points from the end of last year.

Two, domestic cotton spot prices rose slightly

In March, the domestic cotton market was basically stable, domestic spot prices rose slightly, and Futures and electronic matching prices continued to fall. In the same month, the average price of domestic standard cotton to plant was 13042 yuan / ton, up 54 yuan or 0.4% from the previous month. The national cotton trading market electronic matching trading contract price in May 2007 was 13466 yuan / ton, down 357 yuan from last month, or 2.6%; the Zhengzhou cotton futures contract price in May 2007 was 13648 yuan / ton, down 224 yuan from last month, or the cotton price in domestic market has been rising steadily since the first quarter of 1.6%.. Among them, before the Spring Festival, textile enterprises were active in purchasing, the price rose obviously, and the cotton prices rose slowly after the Spring Festival. In the first quarter, the average price of domestic standard cotton to plant was 12997 yuan / ton, up 230 yuan from the fourth quarter of last year, or 1.8%, down 1318 yuan compared with the same period last year, or 9.21%.

Three, domestic cotton sales progress accelerated.

National cotton market monitoring system sampling survey statistics, as of the end of March this year, cotton processing enterprises acquisition processing cotton has sold 2/3, an increase of 13.4 percentage points, of which Xinjiang cotton (including storage) sales progress of 77.7%, an increase of 23.3 percentage points over the same period last year. Xinjiang cotton has delivered 1 million 845 thousand tons, an increase of 533 thousand tons compared with the same period, an increase of 40.6%.

Four, cotton prices rebounded in the international market.

In March, the expected reduction in cotton planting area and the gradual increase of US cotton exports were affecting the cotton market in the international market. Price Rebound. The average monthly price of New York futures contract in May 2007 was 53.98 cents / pound, up 0.7 cents / pound from the previous month, or 1.3%. 58.72 Hong Kong dollars / pound for the main ports in Asia, up 1.05 cents / pound from the previous month, or 1.8%. 1% yuan. The cost of import is 11829 yuan / ton, which is lower than the domestic market of 1213 yuan / ton. According to the sliding tax, the cost of import is 13209 yuan / ton, which is higher than the domestic market 167 yuan / ton.

Five, cotton imports have increased.

Customs statistics showed that in March, 260 thousand tons of cotton imported, down 47.5% from the same period last year, but increased 108% from last month. Last September to March this year, 1 million 123 thousand tons of cotton were imported, down 49% compared to the same period last year. 1-3 of which imported 508 thousand tons this year, down 54.5% compared with the same period last year.

Six, textile production has maintained rapid growth, and textile exports have dropped significantly.

In March, China's textile production maintained rapid growth, and the national yarn production was 1 million 591 thousand and 800 tons, an increase of 21.2%. compared to the same period last year. Last September to March this year, the national yarn output was 10 million 570 thousand tons, up 19.6% over the same period last year. Among them, 1 to March this year, the national yarn production 4 million 171 thousand tons, an increase of 21.6% over the same period last year. In March, exports of textiles and clothing were US $7 billion 980 million, down 24.3% from the same period last year, down 29% from last month. Last September to March this year, the export of textiles and clothing was US $83 billion 970 million, an increase of 21.6% over the same period last year. Among them, textile and clothing exports from 1 to March were US $31 billion 350 million, an increase of 14.7% over the same period last year.

Textile prices have been basically stable since March. The average price of the 32 pure cotton yarn market was 18526 yuan / ton, down 4 yuan / ton compared with the previous month. Polyester staple fiber rose after the fall, the average monthly price was 10739 yuan / ton, up 28 yuan, or 0.26%. the difference between the standard grade cotton and polyester staple in the month was 2303 yuan / ton, and the spread was 26 yuan / ton over last month.